Posts

LeoGlossary: Stale Dated Check

avatar of @leoglossary
25
@leoglossary
·
·
0 views
·
1 min read

A check that is presented to the bank more than 180 days after the date of issuance. The bank, under the Uniform Commercial Code is not required to process the check. They can be return leaving the issuing bank unpaid.

This is why checks often have "not good after x days" printed right on them. It is to discourage people from trying to deposit stale dated checks.

Posted Using LeoFinance Beta